2 articles · Updated · claiborneprogress.net · Jun 24
Summary
Five strategies in Claiborne Progress aim to help retirees shift from saving to spending, framing withdrawals as planned income rather than a loss of discipline.
About 12 months of withdrawals should be kept in cash, with another three to five years in short-term fixed-income assets, to avoid selling stocks in a downturn.
The guidance still warns against holding too much cash because inflation can erode purchasing power, making continued exposure to growth assets important.
At least annual reviews—and adjustments after major life changes—are recommended, especially since retirement can last 25 years or more and spending flexibility can extend savings.